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Coming Soon: King Charlotte Condos

Feb 18 update: Floor plans now available. VIP broker event set for March 8. Pricing rumored to be VERY good for this one. Contact me for details on why this could be the best investment pick for King West in 2011.

King Charlotte Condos is another hotly anticipated project from Lamb Developments at King and Spadina. On the heels of the well received Theatre Park development, Lamb and his partner Niche Developments are wasting no time in bringing this one to market. The site will be at 11 Charlotte Street, in between Adelaide and King, across the street from GLAS (one of my favourite buildings in the city and another Lamb project). If you are interested in purchasing a suite at King Charlotte before this project opens to the public, please contact me.

The project will have 230 suites and rise 32 storeys, giving it a distinctly tall and sleek feel. Designed by architectsAlliance, the same architect behind Theatre Park, the building will have ground level retail and rooftop amenities including a rooftop pool. The views from the roof will probably be some of the best in the area and will rival that of the rooftop pool area at BISHA around the corner.

No word on pricing yet, but with GLAS selling as a resale building in the high $500s per square foot, I would anticipate that the average $PSF in this building will likely be around $625, and units facing south on high floors will likely fetch $700PSF.

Pricing Update: 1 bedrooms from $241,900, 1+dens from $327,900, 2 beds from $435,900, and 3 bedrooms from $558,900.

King and Spadina is getting very crowded. Hard to believe that 10 years ago this intersection was condo-free and you’d be hard pressed to find any condo developer looking for land to build here.  Now there are so many buildings within 200m of this intersection either built, under construction, or proposed that it’s hard to say any other area is ‘hotter’ than King and Spadina anywhere downtown.

King street between University and Spadina is clearly poised to become the best area downtown to live for key demographic that is driving the condo market – the young urban professional. Some have dubbed this area Toronto’s next Yorkville, or some kind of a SOHO-type neighbourhood, but it’s more than either of those. It’s really becoming the pulse of the city.

If you would like to receive prices and floor plans for King Charlotte, please contact me.

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